Sound Businesses: Profiles of companies and business models we are keeping an eye on.
“Here be dragons!”
According to lore, that epithet once marked ancient charts of the world’s oceans, a warning from mariners of the perils of the deepest, darkest seas. Today, that label might well be affixed to global supply chains. As beneficial as globalized production has been to affluent consumers on the retail end of the chain, too often abuses and outright atrocities pepper the other end – the business end – where environmental degradation, sexual abuse, and indentured and child labor are rife.
That is what Transparentem exists to battle. Ben Skinner, founder and president of the Brooklyn-based nonprofit, describes his organization as “an intelligence unit that uses frontline reporting ethics and forensic methods to understand where severe environmental, social, and governance violations and crimes happen upstream in corporate supply chains.”